Statements: ONGC Videsh (OVL)

Canonical ID: ir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b · Entity type: Company (reference)

PropertyValueLangSource datasetSource IDFirst seen
Company:countryinir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:id9ebfa16a9bb7b7edcaee81f3fe67669d8683db4cir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:ida73c3933316b78cda164d8e6f5c49103f5206ae2ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:nameONGC Videsh (OVL)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notesIn 2018 the U.S. state of Ohio listed ONGC as an Iran restricted company rendering ONGC ineligible for investment and/or state contracting.  (https://www.op-f.org/Files/Scrutinized%20Companies%20Iran%20Sudan.pdf)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notesONGC Videsh is listed on the June 4, 2019 and July 12, 2019 Florida State Board of Administration list of prohibited investments (Scrutinized companies) for Iran related business. (https://www.sbafla.com/fsb/Portals/FSB/Content/Performance/Quarterly/2019_06_04_Web_Update_PFIA_Prohibited_List.pdf?ver=2019-06-04-162911-617) (https://www.sbafla.com/fsb/Portals/FSB/Content/Performance/Quarterly/2019_07_12_Web_Update_PFIA_Prohibited_List.pdf?ver=2019-07-12-114201-343)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notesONGC Videsh Ltd (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), had in 2008 made a significant natural gas discovery in the Farsi offshore exploration block in the Persian Gulf, the company said in its latest annual report.ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notesONGC Videsh is listed on the March 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list. (http://treasury.dor.alaska.gov/Portals/3/docs/resolutions/ARMB%20Iran%20Divestment%20List%203-31-19.pdf)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notesAs of December 2020, Rhode Island continues to list ONGC Videsh as having active investment in Iran's energy sector of at least greater than $50 million.  (http://data.treasury.ri.gov/dataset/c56b9795-4c0b-4749-80a8-78418efc1492/resource/9d4e0eae-3bb0-4ed2-977a-db21ad57ea96/download/RhodeIslandIranContract2020.xlsx)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notesONGC Videsh is listed on the August 5, 2020 California Department of General Services, "Entities Prohibited from Contracting with Public Entities in California per the Iranian Contracting Act, 2010" list. (https://www.dgs.ca.gov/-/media/Divisions/PD/PTCS/OPPL/Iran-Contracting-Act-List.pdf?la=en&hash=71776438AADF114D952082668B1D6A0AEED31C2B)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notesIn 2017 the U.S. states of Alaska, Florida, Rhode Island, South Carolina, Tennessee, Texas listed ONGCon its list of companies doing material business with Iran rendering ONGC ineligible for investment and/or state contracting. (http://treasury.dor.alaska.gov/Portals/3/docs/ARMB%20Iran%20Divestment%20List%2012-31-17.pdf) (https://www.sbafla.com/fsb/Portals/FSB/Content/GlobalGovernanceMandates/QuarterlyReports/2017/Global_Governance_Mandates_and_Florida%20Statutes_2017_12_13.pdf?ver=2017-12-13-145507-737/)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notesAs of December 31, 2019, the Alaska Retirement Management Board lists ONGC Videsh as a company doing material business with Iran. (https://treasury.dor.alaska.gov/Portals/3/docs/resolutions/ARMB Iran Divestment List 12-31-19.pdf)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notes"Will not participate in a project to develop Iran’s Farzad-B gas field after repeatedly delaying negotiations because of concerns over U.S. sanctions. Had previously submitted proposals to Iran to develop the gas field in 2010 and 2015." (Andalou Agency, "India Loses Giant Gas Field in Iran," 10/21/2020).  (https://www.aa.com.tr/en/economy/india-loses-giant-gas-field-in-iran/2013835)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notes"ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has signed a pact with Iran’s IDRO Oil to jointly bid for a USD 1 billion contract for development of Susangerd oilfield in southern Iran." (March 2018). Subsidiary of ONGC.  (http://www.thehindu.com/todays-paper/tp-business/ongc-videsh-irans-idro-oil-sign-accord/article22954400.ece)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notesOn March 18, 2014, ONGC Videsh was added to the Florida State Board of Administration List of Prohibited Investments (Scrutinized Companies) due to its involvement in Iran. As of March 9, 2021, ONGC Videsh remains on the SBA list of prohibited investments.  (https://www.sbafla.com/fsb/Portals/FSB/Content/Performance/Quarterly/2021_03_09_Web_Update_PFIA_Prohibited_List.pdf?ver=2021-03-09-134849-587)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notesIn 2014, 2015, 2016 and 2017 ONGC Videsh was listed on the Texas Pension Review Board List of Scrutinized Companies doing business in Iran pursuant to Chapter 807.054, Government Code.   (https://comptroller.texas.gov/purchasing/publications/divestment.php)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notes"Iran had agreed to buy the gas produced from ONGC NSE -0.13 % Videsh Ltd-discovered Farzad-B field in the Persian Gulf, but talks got stalled after the US reimposed sanctions against Tehran.ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notesONGC Videsh is listed on the January 2019 Entities prohibited from Contracting with Public Entities in California list. (http://treasury.dor.alaska.gov/Portals/3/docs/resolutions/ARMB%20Iran%20Divestment%20List%203-31-19.pdf) (https://www.dgs.ca.gov/-/media/Divisions/PD/PTCS/OPPL/Iran-Contracting-Act-List.ashx?la=en&hash=95E15BE0E8841A4AC8C2CD823C7D8EC0F1F58981)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notes"ONGC Videsh, the overseas arm of government-owned ONGC, has signed a cooperation agreement with Iran’s IDRO Oil to jointly bid for a $900 million development plan of Susangerd oilfield in southwest Iran, Islamic Republic News Agency (IRNA) reported on Tuesday." (March 7, 2018) (https://www.thehindubusinessline.com/companies/ovl-signs-pact-for-developing-susangerd-oilfield-in-iran/article22945855.ece /)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notesIn 2020, the U.S. state of Mississippi listed ONGC Videsh on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering it ineligible for investment and/or state contracting. (https://www.dfa.ms.gov/media/sd1ccddh/businesses-doing-business-with-iran-12-4.docx)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notesAs of May 28, 2020, the Florida State Board of Administration (“SBA”) continues to list ONGC Videsh on its list of “Scrutinized companies with Activities in the Iran Petroleum Energy Sector.”  (https://www.sbafla.com/fsb/Portals/FSB/Content/GlobalGovernanceMandates/QuarterlyReports/2020/Global_Governance_Mandates_and_Florida Statutes_2020_05_28.pdf?ver=2020-05-28-122524-540)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notesThe discovery was named Farzad-B." (Economic Times, "Iran agreed to buy OVL gas but US sanctions stalled talks," 9/5/2019).  (https://economictimes.indiatimes.com/industry/energy/iran-agreed-to-buy-ovl-gas-but-us-sanctions-stalled-talks/articleshow/70994248.cms?from=mdr)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notes"Formally lost bid to develop Iran’s Farzad-B gas field, first discovered by ONGC in 2008, to the Iranian company Petropars Group. The National Iranian Oil Company (NIOC) had informed ONGC in October 2020 that it intended to award the contract to an Iranian company. Negotiations with NIOC on the development of Farzad-B from 2011 to 2012 and from 2015 to 2019 ultimately failed due to sanctions on Iran." (The Economic Times, "India Loses ONGC Videsh-Discovered Farzad-B Gas Field in Iran," 5/18/2021).  (https://economictimes.indiatimes.com/industry/energy/oil-gas/india-loses-ongc-videsh-discovered-farzad-b-gas-field-in-iran/articleshow/82706779.cms?from=mdr)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notesOn June 1, 2020, the Ohio Police & Fire Pension Fund (“OP&F”) listed ONGC Videsh on its scrutinized companies Iran/Sudan list. (https://www.op-f.org/Files/Scrutinized Companies Iran Sudan.pdf)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notesOn March 13, 2019, the Mississippi Department of Finance & Administration identified ONGC Videsh as a company “engaged in investment activities in Iran, providing funds, goods or services valued at $20,000,000 or more in the energy sector of Iran.”   (https://www.dfa.ms.gov/media/8124/businesses-doing-business-with-iran.pdf)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notesOn January 13, 2020, the South Dakota Investment Council submitted a report to the Executive Board of the Legislative Research Council regarding compliance with SDCL 4-5-48 to 4-5-60, Iran Divestiture. Included in this report is an Iran Scrutinized Companies list of all prohibited investments for which the internal managers and direct external managers are instructed not to purchase any company on the list. ONGC Videsh is included on this list.ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:notesONGC Videsh is listed on the June 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list. (http://treasury.dor.alaska.gov/Portals/3/docs/resolutions/ARMB%20Iran%20Divestment%20List%206-30-19.pdf)ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:sectorEnergyir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:sourceUrl https://www.unitedagainstnucleariran.com/index.php/company/ongc-videsh-ovlir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:topicsexport.riskir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
Company:website http://www.ongcvidesh.com/ir_uani_business_registryir-br-co-320e7d8a0a1ba6357928d36070d1eb6cb295a52b
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